Abuja: The Abuja Chamber of Commerce and Industry (ACCI) has reaffirmed its commitment to partnering with government and other relevant stakeholders to refine policies that support Small and Medium Enterprises (SMEs). Mr. Agabaidu Jideani, Director-General of the ACCI, disclosed this in an interview with the News Agency of Nigeria in Abuja.
According to News Agency of Nigeria, Jideani stated that the collaboration aims to enhance SMEs by providing financial support through loans or grants, helping them to overcome financial challenges. He emphasized that the partnership would facilitate business expansion and contribute to refining policies that promote economic growth. Jideani highlighted Abuja’s role as a vibrant hub and underscored the ACCI’s dedication to working with the government to support SMEs and drive inclusive growth.
Jideani explained that supporting SMEs would enable them to explore new markets and receive valuable expertise and guidance to improve their operations. By collaborating with the government and other stakeholders, businesses can help refine policies that foster economic growth, innovation, and development. He also emphasized the importance of ensuring that policies are practical, effective, and beneficial to all involved parties.
The ACCI has bolstered its advocacy initiatives through the National Policy and Advocacy Centre (NPAC) by forming strategic partnerships with various local and international organizations, including the European Union (EU), United Nations Development Programmes (UNDP), Small and Medium Enterprise Development Agency (SMEDAN), and the Ministry of Industry, Trade and Investments. These partnerships have advanced data protection and creative industry growth, aiming to safeguard sensitive information and promote industries focused on creative expression, innovation, and intellectual property.
Furthermore, Jideani highlighted the chamber’s focus on SME insurance and gender-inclusive policies, underscoring its commitment to robust development. He explained that ‘SME Insurance’ includes insurance products and services designed specifically for SMEs, helping them manage risks such as business disruptions and claims for damages or injuries.
While assessing President Bola Tinubu’s two-year administration, Jideani acknowledged the administration’s ambitious reforms, which were pursued with positive intentions. Anchored on the ‘Renewed Hope Agenda’, the administration has addressed structural inefficiencies, fostered private sector growth, and positioned Nigeria as a competitive economy. However, Jideani noted that the policies have produced mixed results, with notable achievements tempered by significant implementation challenges. The administration’s commitment to fiscal discipline, market liberalization, and infrastructure development has delivered measurable gains.